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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

KSA converts its deposit with Central Bank of Mauritania into soft loan

Saudi Arabia has transferred its $300 million deposit with the Central Bank of Mauritania into a soft loan.
By TRENDS Desk
April 18, 2022 9:30 am
  • The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic of Mauritania
  • The support aims to contribute to promoting inclusive and sustainable economic growth, in addition to opening new financing channels

Saudi Arabia has transferred its $300 million deposit with the Central Bank of Mauritania into a soft loan, as part of the Kingdom’s ongoing efforts and leadership role in supporting the development and economy of Arab and Islamic states.

The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic of Mauritania, to push the wheel of economic growth and implement development projects in vital sectors. The support aims to contribute to promoting inclusive and sustainable economic growth, in addition to opening new financing channels from regional and international financial organizations.

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